A Dual-Level Theory of the Creation of Labor Value

Bibliographic Data

ID10488646
AuthorsXiaoqin Ding (0000-0003-0164-2438, School of Marxism Shanghai University of Finance and Economics 777 Guoding Road Shanghai 200433, China, corresponding author), LU Pin-yue (Shanghai University of Finance and Economics), Pinyue Lu (School of Marxism Shanghai University of Finance and Economics 777 Guoding Road Shanghai 200433, China)
Year2016
Volume81
Issue1
Pages54-72
Publication date2016-12-22
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueScience & Society (JOURNAL)
Journal identifiersISSN: 0036-8237 • E-ISSN: 1943-2801
PublisherGuilford Press (PUBLISHER • US)
DOI10.1521/siso.2017.81.1.54
OpenAlexW2563918771
LanguageEN
References cited3

How does labor value, which is defined as abstract labor under given social production conditions, change with the evolution of those conditions? This paper aims to solve this problem by introducing a new model of labor value theory, in which social labor is divided into two levels: “routine labor” under normal conditions of production, and “innovation labor” which creates these conditions. Innovation labor doesn't produce goods directly; it creates value by enhancing the human capacity to produce goods. This value is equal to the total value accumulated over time during the transformation of production conditions. Much thinking concerning labor value confuses these two different levels of labor and their distinct value creation processes. These misunderstandings, however, can be settled by the theory outlined in this essay

Dual (grammatical number · Economics · Industrial organization · Labor relations · Labor theory of value · Labour economics · Microeconomics · Personnel economics · Political science · Production (economics · Transformation (genetics · Value (mathematics · Value creation · Value theory · Digital Economy and Work Transformation · Economic Theory and Policy · Law · Mathematics · Philosophy · Political Economy and Marxism

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